the republic logo

US indexes move sharply higher as market builds on Fed gains; Oracle leads tech rally

bug
Share/Save/Bookmark

NEW YORK — The U.S. stock market is moving sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates.

Oracle led a rally in technology shares in midday trading Thursday after the business software maker reported earnings that were better than expected.

Energy stocks lagged the market as the price of crude oil turned lower after an early gain.

PHOTO: Traders work on the floor at the New York Stock Exchange in New York, Thursday, Dec. 18, 2014.   The market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. (AP Photo/Seth Wenig)
Traders work on the floor at the New York Stock Exchange in New York, Thursday, Dec. 18, 2014. The market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. (AP Photo/Seth Wenig)

The Dow Jones industrial average rose 243 points, or 1.4 percent, to 17,604 as of 11:45 a.m. Eastern time Thursday.

The Standard & Poor's 500 gained 26 points, or 1.3 percent, to 2,039.

The Nasdaq climbed 69 points, or 1.5 percent, to 4,714.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.21 percent.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.